United Continental (NYSE:UAL) issued its quarterly earnings results on Tuesday. The transportation company reported $1.40 EPS for the quarter, topping the consensus estimate of $0.95 by $0.45, Bloomberg Earnings reports. United Continental had a net margin of 5.22% and a return on equity of 25.26%. The firm had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the previous year, the business earned $1.78 earnings per share. United Continental’s revenue for the quarter was up 4.3% compared to the same quarter last year.
United Continental (UAL) traded up $1.10 during trading hours on Tuesday, reaching $77.97. The company’s stock had a trading volume of 4,348,637 shares, compared to its average volume of 4,285,536. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37. United Continental has a 52 week low of $56.51 and a 52 week high of $83.04. The stock has a market cap of $22,970.00, a PE ratio of 11.28 and a beta of 1.05.
A number of equities analysts recently weighed in on UAL shares. Citigroup raised United Continental from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Wednesday, January 10th. Imperial Capital reissued an “in-line” rating and issued a $74.00 price target (up previously from $64.00) on shares of United Continental in a research note on Thursday, January 11th. Stifel Nicolaus reissued a “buy” rating and issued a $130.00 price target (up previously from $100.00) on shares of United Continental in a research note on Wednesday, January 10th. Barclays reissued a “buy” rating and issued a $80.00 price target on shares of United Continental in a research note on Monday, September 25th. Finally, Macquarie started coverage on United Continental in a research note on Monday, September 25th. They issued a “neutral” rating and a $64.00 price target on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $81.69.
ILLEGAL ACTIVITY WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/01/23/united-continental-ual-announces-quarterly-earnings-results.html.
About United Continental
United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.
Receive News & Ratings for United Continental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental and related companies with MarketBeat.com's FREE daily email newsletter.